Investment22 Jul 2025, 12:06 pm
UNIQUBE GLOBAL to Acquire 12% Stake in IFL Enterprises at 2.00 Rupees Per Share
AI Summary
IFL Enterprises Ltd. has clarified the indicative reference price mentioned in the Letter of Intent (LOI) received from UNIQUBE GLOBAL MANAGED SERVICES PTE. LTD. The Singapore-based strategic investor has expressed its intention to acquire up to 12% strategic minority equity stake in IFL Enterprises Limited at an indicative reference price of 2.00 (Rupees Two only) per share, subject to approvals and execution of definitive agreements. This proposed investment, if concluded, is expected to strengthen the Company’s capital base and support long-term business expansion.
Key Highlights
- UNIQUBE GLOBAL to acquire up to 12% strategic minority equity stake in IFL Enterprises
- The indicative reference price for the shares is 2.00 Rupees
- The proposed investment is expected to strengthen IFL Enterprises' capital base
- The investment will support IFL Enterprises' long-term business expansion
- The proposal is under review and will be placed before the Board of Directors on August 01, 2025